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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5043 Jimmy Lee Smith Pkwy Hiram, GA 30141

    • Retail space
    • 103,185 SF
    • 13.41 lot acres
    For Lease
    View listing
    Last Sale
    Sep 12, 2022
    $6,000,000
    Value Estimations
    $5,885,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2009639
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Masterpieces By Lo Hair Studio / Hair Salon
    • SEPHORA inside JCPenney / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • JCPenney Portraits / Photography Service / (Bike/Boat/Book/etc) Store
    • JCPenney / Clothing Store / Department Store
    • JCPenney Salon / Hair Salon / Nail Salon

    Property Details for 5043 Jimmy Lee Smith Pkwy

    Year built
    2009
    Lot size
    13.41 lot acres
    Property size
    103,185 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    176.2.1.016.0000
    APU
    176210160000

    Description

    This exceptional 50,000 square foot retail pad site presents a remarkable new construction opportunity in the thriving Hiram, Georgia market. Located at 5043 Jimmy Lee Smith Pkwy, in Paulding County, this single-tenant property boasts 30,000 square feet of vacant land, ideal for immediate development. The site benefits from a highly desirable location adjacent to established national retailers, including JCPenney, Best Buy, Arby's, Discount Tire, and Truist Bank, ensuring high visibility and significant foot traffic. This strategic positioning within a bustling retail corridor guarantees strong potential for attracting a diverse range of businesses and maximizing return on investment. The property's classification as commercial land, combined with its substantial size and prime location, makes it an unparalleled opportunity for developers seeking to establish a new retail presence in a rapidly growing area. The address is 5043 Jimmy Lee Smith Pkwy, Hiram, GA 30141. This property is zoned for commercial use and offers excellent access to major transportation routes, further enhancing its appeal and accessibility. The site's proximity to established businesses creates a synergistic environment, promising a successful venture for the right developer. Don't miss this chance to secure a premier retail location in a vibrant and expanding community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,875,000
      ML approach
      $5,670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,269,000
      Market price range: $3.82M - $10.5M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hiram
    County
    Paulding
    State
    Georgia
    Longitude
    -84.7447
    Latitude
    33.8908
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $89,094
    $444,754
    $2,972,726
    $3,417,480
    -
    $1,111,886
    $7,431,814
    $8,543,700

    Comparable in this City

    • Value Estimation
      $3,875,000
      30,012 SF

      5035 Jimmy Lee Smith Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 30,012 SF
      5035 Jimmy Lee Smith Pkwy, Hiram, GA 30141
      View Details
    • Value Estimation by Request
      5,600 SF

      1665 Hiram Douglasville Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      1665 Hiram Douglasville Hwy, Hiram, GA 30141-3703
      View Details
    • Value Estimation
      $810,000
      4,560 SF

      4791 Jimmy Lee Smith Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 4,560 SF
      4791 Jimmy Lee Smith Pkwy, Hiram, GA 30141-2791
      View Details
    • Value Estimation
      $6,980,000
      5,600 SF

      2850 Jimmy Lee Smith Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      2850 Jimmy Lee Smith Pkwy, Hiram, GA 30141-2080
      View Details
    • Value Estimation by Request
      4,182 SF

      3601 Macland Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,182 SF
      3601 Macland Rd, Hiram, GA 30141-2225
      View Details
    • Value Estimation by Request
      1,920 SF

      159 Main St, Unit AB

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      159 Main St, Hiram, GA 30141-3262
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Hiram Retail Shop For Lease

      1,400 SF Retail Space, Ample Parking
      4471 Jimmy Lee Smith Pkwy, Hiram, GA 30141
      View Details
    • Contact for pricing
      6,400 SF

      Hiram Restaurant - Prime Location

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      View Details
    • Contact for pricing
      50,000 SF

      Hiram Square Retail Pad Site

      Prime Hiram, GA Retail Land - 50,000 SF
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      View Details
    • $18 SF/Yr
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      Westside Pavilion: Prime Office Space

      Multi-use office, retail & medical space near Wellstar Hospital.
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      View Details
    • $1,300 /Mo

      Hiram Office Space For Rent

      Office space featuring reception area, executive office, and four offices.
      5604 Wendy Bagwell Pkwy, Hiram, GA 30141
      View Details
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    Hiram, GA 30141
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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